Walker School Dean Featured in Diverse Magazine

On August 1, 2014, in In the News, by Walker News

timthumbIn the July 31 edition of Diverse Magazine, Benjamin Ola. Akande, Ph.D., dean of the Walker School of Business & Technology and chief partnership officer at Webster University, offers his views on how colleges can retain diverse students in the article, “Moon Goal for Colleges: Retention of Diverse Students.”  In addition to challenging institutions to create a moon goal which he describes as an objective an institution is willing to pursue, unwilling to postpone and one it intends to win, his op-ed piece discusses some of the strategies Webster University has implemented to ensure students from diverse backgrounds achieve their higher education aspirations.

Owner, Photographer“I believe the colleges that will thrive in the coming years will be those who excel at preparing people of diverse backgrounds for successful careers and who have carefully cultivated a competitive academic advantage that distinguishes them from their competitors. Adopting such a strategy enables universities to be creative in developing academic programs that are relevant to the needs of students and the marketplace.”

Read his full commentary in Diverse Magazine.

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jp-palmer-ladue-newsThis month, Julie ‘JP’ Palmer-Schuyler, professor of management and director of the doctoral program, was featured in Ladue News‘ special section on “Women in Action.” A triathlete, Palmer-Schuyler completed her 17th Ironman this year.

In the article, she explains how she blends her passion for racing with her job as a professor.  ”When you feel really bad and you think you can’t do something, a lot of times it’s a mental piece that is missing.  If you just give yourself some time, it will pass.”

Read the article (see page 36) for more insights from Professor Palmer-Schuyler.

 

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akande-fox2Benjamin Akande, professor of economics and dean of the Walker School, discussed the state of the economy on Fox 2 News. During the interview, he said that the increase in car sales is evidence that the economy is on the up-swing. He also noted that retail sales, food sales and sales in other areas are also up. While the future looks good and the economy is improving, he cautions that inflation may continue to present some challenges.

Watch the interview for more insights.

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Owner, PhotographerSt. Louis, July 28, 2014.  Enterprise Bank and Trust, the banking subsidiary of Enterprise Financial Services Corp (NASDAQ: EFSC) announced that Dr. Benjamin Ola. Akande has joined its Board of Directors.

Dr. Akande is a tenured Professor of Economics and Dean of the George Herbert Walker School of Business and Technology of Webster University. He also serves as Webster University’s Chief of the Office of Corporate Partnerships, which is charged with forging partnerships with organizations and businesses worldwide on behalf of the University.

Steve Marsh, Chairman of the Bank’s Board, commented, “We are thrilled that Dr. Akande is joining our Board. He’s highly respected not only for his effective leadership of Webster University’s business school but also his extensive involvement with leading business and community organizations. We look forward to the visionary, broad-based perspective that Benjamin will bring to the Bank.”

Dr. Akande holds a Ph.D. in Economics from the University of Oklahoma and has completed post-doctoral studies at the John F. Kennedy School of Government at Harvard University and the Saïd School of Business at Oxford University. He is Vice Chair of the Board of Argent Capital and serves as a Trustee of the Saint Louis Art Museum, Missouri Baptist Medical Center, Rx Outreach, Saint Louis Club and Forest Park Forever.

Dr. Akande is regularly sought out as an economic and policy commentator, with appearances on Anderson Cooper 360, CBS’s Evening News and the St. Louis affiliates of FOX, ABC and NBC. His commentaries have also appeared in USA TODAY and on public radio’s “Marketplace.”

Enterprise Financial operates commercial banking and wealth management businesses in metropolitan St. Louis, Kansas City and Phoenix. Enterprise is primarily focused on serving the needs of privately held businesses, their owner families, executives and professionals.

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Patrick Rishe, Ph.D.

Patrick Rishe, Ph.D., professor of economics at Webster University’s George Herbert Walker School of Business & Technology, has earned another publication with his paper entitled, “How Event Significance, Team Quality and School Proximity Impact Secondary Market Behavior at March Madness.”  The paper will be published by Sport Marketing Quarterly, which is rated as the third-best journal within the Sport Management/Marketing genre. Professor Rishe was the first author of this paper, along with co-authors Brett Boyle, Ph.D. of Saint Louis University and Mike Mondello, Ph.D. of the University of South Florida.

This is Professor Rishe’s third accepted paper thus far this year.  The first publication addressed secondary price behavior at Final Four, and was published in the June 2014 issue of the International Journal of Sport and Society.  The second publication addressed whether mobile sporting events cause spikes in local hotel revenues and the overall economic impact; this paper will appear in the October 2014 issue of the Mustang Journal of Business and Ethics.

In addition to these publication successes, Professor Rishe has garnered national media recognition in recent months on CBS Evening News, CNBC, CNN, Bloomberg and Fox Business while opining on topical sports business issues such as the impending sale of the Los Angeles Clippers in the aftermath of the Donald Sterling scandal, as well as the economics of the World Cup.  Furthermore, in May 2014 he submitted his 500th Op Ed piece for Forbes.com’s Sports Money section.  These pieces have collectively attracted more than 2.1 million readers since he began contributing articles to Forbes in May 2010.

Join us in congratulating Professor Rishe on these accomplishments by tweeting him @DrPatSportsBiz

 

How to Determine Your Market Value

On July 14, 2014, in Career Insight, by Walker News

Do you know your market value?  A panicked job applicant called me on his cell phone from the company washroom. He had excused himself from a job interview on the pretense of having to use the bathroom. He whispered into his phone, “I did not think we would talk about money at the first interview, but they just offered me the job! They are asking me about salary. I do not know how much this position is worth. What do I do?”

Obviously, you want to avoid finding yourself in this situation. Knowing the market value of the skills you can offer an employer is essential in this competitive, job-hunting environment.  Do you know the market value of positions you are seeking?

Some people put so much time and effort into getting hired, and then shoot themselves in the foot when it comes to compensation. If you do not know what you are worth, find out well before you talk money with a potential employer. There is no reason to go into a job interview unprepared since there are a number of sources you can use to inform yourself.  Here are several resources for finding salary information about the value you bring as well as the value of positions of interest.

Market Value Through Salary Surveys
Of course, the Internet has a number of sites that provide information about salaries. Not only can you find general ranges, but sometimes, very specific information. Good sites include JobStar.org, PayScale.com, Salary.com and CareerJournal.com.

People sometimes have a hard time matching their job to a job title. You will need to pick one, or two, perhaps, that seem close. The job description functionality, if available, can help you select a title most closely related to the level of responsibility you are seeking.  Likewise, many periodicals, including professional journals, will publish salary surveys.

Market Value Through Peers
Your peers are another good source of information. They may not tell you what they themselves make, but they are often very aware and open about what others are making. Professional associations are a good source of peer information.  Attend their networking events, volunteer on a committee, get to know people, and you can get an earful.  Plus, many professional associations will periodically publish salary surveys.

Networking with peers has two added benefits.  First, you will be aware when companies are hiring or have needs you can match with skill and experience. Second, networking with peers can bulletproof your career by keeping you in touch with those in the same industry.  There is so little job security these days that it pays to keep connected.

Market Value For Government Employment
If you are interested in government employment, salary information is often available to the public. For example, a man who was interested in working in the legislature in another state did not know if the positions paid enough or what salary he might be able to request. I advised him to request a list of the salaries of all legislative employees. Armed with this information, he determined that the salaries were in an acceptable range, and he knew how to price himself.

The federal government has a “GS” rating system for positions. For example, a position classified as “GS-9” has a set range within which a person can be paid. While that range is fixed, it is sometimes possible for hiring managers to manipulate the system a bit to bump you up to a higher level, say GS-11 instead of GS-9, and pay you more if they really want you.

Once you have the salary information, using it takes some finesse. You have to know more than just what the average person makes – specifically how your skills and experience compare with that average. For instance, salaries for professional baseball employees have a huge range. A man who dresses as a mouse and is the mascot of a minor league team gets paid more than the players. Meanwhile, the ballplayers who make it to the major leagues can earn annual salaries between a few hundred thousand dollars to well over $10 million annually.

Additional finesse is the key in negotiating for the benefits and perks that sweeten the deal, but that is a topic for another day. A good career coach can help you with these issues.

Do what it takes to learn about your worth in the market. You do not want to leave thousands of dollars on the table!  You have worked hard not only to develop your skills, but also in your job search. Make all that hard work pay off!

About the Author:
david hults-2014David Hults is a nationally known career coach and speaker, as well as a columnist for the St. Louis Post-Dispatch.  He holds a bachelor’s degree in Human Resources from Webster University where he also completed graduate courses toward his MBA.  Since 1987, Hults is the author of five books, a CD coaching series and has created the most sought after interview flash card set, which makes the interview simplified and painless.  His experience in human resources led him to work for Express Scripts, a Fortune 500 company, as well as one of the nation’s largest healthcare systems, BJC.  He has been coaching individuals for more than 20 years on how to break through individual roadblocks while also delivering speeches across the nation discussing how to manage change in careers and organizations today. For more information, visit his website at http://activ8careers.com

 

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This August, we will launch our new 1-Year MBA program. In order to support students enrolled in this program and alleviate some of the financial costs, we have created a new fund to help cover the cost of their textbooks. With your support, textbook vouchers will be awarded to St. Louis area MBA students through a lottery system each term.

Donation Information:
All donations, no matter how big or small, are appreciated. However, a $25 donation is suggested so that there will be sufficient funds to benefit multiple students in the program.

Donations can be made by check to Webster University (include “Walker Textbook Fund” in the memo line) or online. All donations made to the George Herbert Walker School of Business & Technology Fund today through July 31, 2014 will directly support the Walker Textbook Fund, and are fully tax deductible.

Please join us by making a donation.

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The George Herbert Walker School of Business & Technology has three openings for students to work as Graduate Assistants in the Office of the Dean. In addition to earning a $12,000 stipend, Graduate Assistants receive a generous scholarship of $2,903 per semester to be applied to the cost of their graduate school tuition at Webster University.
Graduate Assistants provide support to the Walker School on a variety of projects ranging from event coordination to administrative assistance, data collection and more.
View the complete job descriptions for the Graduate Assistant positions (InternshipsForensics and General), and consider applying today!
Positions are appointed on a one year term beginning August 15, 2014 and ending May 15, 2015. To apply, please submit your resume and a one-page cover letter to Caprice Moore at cmoore@webster.edu.
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pat-rishe-2014

Patrick Rishe, PhD, professor of economics at Webster University’s George Herbert Walker School of Business & Technology, has once again been recognized for his contributions to the field of sports economics.  An acknowledged expert in this area, Rishe’s recent paper, “Do Mobile Sporting Events Produce Net Increases in Tourism, Local Hotel Revenues, and Overall Economic Impact: Evidence Using Smith Travel Research Data,” has been accepted by the Mustang Journal of Business and Ethics for publication.  The article will appear in the journal’s October 2014 issue.

Earlier this year, Rishe’s paper, “Pricing Insanity at March Madness: Exploring the Causes of Secondary Price Markups at the 2013 Final Four,” was accepted for publication in The International Journal of Sport and Society.  This article recently appeared in the journal’s June 2014 issue.

In addition to these publication successes, Professor Rishe has garnered national media recognition in recent months on such outlets as CBS Evening News, CNBC, CNN, Bloomberg and Fox Business while opining on topical sports business issues such as the impending sale of the Los Angeles Clippers in the aftermath of the Donald Sterling scandal, as well as the economics of the World Cup.  Furthermore, in May 2014 he submitted his 500th Op Ed piece for Forbes.com’s Sports Money section.  These pieces have collectively attracted more than 2.1 million readers since he began contributing articles to Forbes in May 2010.

“Patrick Rishe is a force of nature in the arena of sports economics and we celebrate his continued relevance,” Benjamin Akande, dean of the Walker School, said.

Join us in congratulating Professor Rishe on these accomplishments by tweeting him @DrPatSportsBiz

Insights from Innovation Summit

On June 19, 2014, in In the News, by Walker News

innovation-summit-2014Nearly 200 business leaders gathered on June 19 for the St. Louis Business Journal’s Innovation Summit.  Sponsored by Webster University’s 1-Year MBA and XperienceLab, the event featured a panel discussion and audience Q/A about innovation and ways to foster it within an organization.

Walker School Associate Dean Pat Masidonski was among the panelists for the event.  During her remarks, Masidonski emphasized the importance of having an implementation plan when innovating to ensure the project’s success.

Watch a video from the Innovation Summit to learn more.

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